3720 Queen CtCedar Rapids, IA 52404

Property Details for 3720 Queen Ct

Year built

2005

Lot size

1.32 AC

Property size (Sq ft)

7,440 SF

Property type

Office buildings

APN

19-06-3-28-003-0-0000

APU

190632800300000

Description

This exceptional 14,880-square-foot commercial property, built in 2005, offers a blend of retail and office space in a prime Cedar Rapids location. The building, situated on a 1.32-acre lot, features a two-story design with a total of 83 parking spaces conveniently located on both Edgewood Road and Queen Court. Currently, 2,140 square feet of space is immediately available for lease. The property boasts excellent visibility and high traffic counts, with nearly 21,000 vehicles passing daily. Its strategic location provides easy access to major roadways including Highway 30, I-380, and Highway 100. The building is zoned for Traditional Mixed Use Center, allowing for diverse business applications. The property consists of a single building with multiple tenants and does not include elevators. An introductory rate of $12.00 per square foot, NNN, is available for the first year of a qualified lease, with subsequent annual rental increases as outlined in the lease agreement. The Linn County property (APN: 19063-28003-00000) presents a compelling opportunity for businesses seeking a high-traffic, easily accessible location in Cedar Rapids, Iowa.

• CAP approach

  CAP return

  Valuation

  6%

  $1,224,706

  6.5%

  $1,130,498

  7%

  $1,049,748

• Comparable approach

  Method

  Valuation

  Relative Method

  $379,738

  Geo Method

  $379,738

• Alternative Use

  Use

  Valuation

  Residential

  $1,401,817

  Hospitality

  $1,284,057

  Educational

  $1,068,320

  Medical

  $1,105,062

  Retail

  $1,661,832

Location Insight

City

Cedar Rapids

County

Linn

State

Iowa

Latitude

41.9416

Longitude

-91.715

CBSA code

16300

CBSA name

CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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